Sugar prices fell by 0.79% to Rs 3,619 per quintal in futures trade today after speculators booked profits despite strong spot demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in October traded lower by Rs 29, or 0.79%, to Rs 3,619 per quintal, with an open interest of 43,140 lots.
September sugar shed Rs 18, or 0.51%, to Rs 3,505 per quintal, with an open interest of 8,990 lots.
Marketmen attributed the fall in sugar futures to emergence of profit-taking at higher levels but firm spot demand in view of approaching festive and marriage season and concerns over drought in top producing region, restricted the losses.